Plenty of unemployable PhDs here Australia. I know one who is tutoring high school students to earn a living. His thesis was on phycology and the production of sustainable fuels. A nuclear physicist with a PhD is unemployable and is retraining as a data scientist. Another phycologist is retraining as a counsellor. A molecular biologist is running a plant shop. The first phycologist is charming but a century ago, he w…
Personally I wouldn't have posted this. It has tones which can only be hurtful, to somebody you presumably know.
PhDs Can't Find Work as Boston's Biotech Engine Sputters
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Re: PhDs Can't Find Work as Boston's Biotech Engine Sputters
#12Earlier quoted context omitted.
Pretty sure they’re talking about graduate degrees and academia as an occupation, not getting a bachelor’s in order to join the white collar workforce.
> they’re talking about graduate degrees and academia as an occupation PhDs have the lowest unemployment rate of any education bracket, and roughly match the earnings of professional-degree holders ( e.g. MBAs) [1]. [1] https://www.bls.gov/careeroutlook/2025/data-on-display/educa...
As an example, an Ivy graduate makes more than state school graduate on average, but there was a study showing that those offered Ivy admission but deciding to go to a state school made just as much (that study setup has its own selection bias issues, but hopefully those gives an idea of what I mean).
Re: PhDs Can't Find Work as Boston's Biotech Engine Sputters
#13Earlier quoted context omitted.
As far as I know, the data says otherwise: A college degree leads to much higher lifetime income. > do more interesting and valuable work It depends what you find interesting. Research is very interesting to a lot of poeple.
Pretty sure they’re talking about graduate degrees and academia as an occupation, not getting a bachelor’s in order to join the white collar workforce.
Yes, that's what I meant by 'doing research': People really have deep passion for it - knowledge, being on the frontier of it and generating new knowledge.
Re: PhDs Can't Find Work as Boston's Biotech Engine Sputters
#14Earlier quoted context omitted.
> they’re talking about graduate degrees and academia as an occupation PhDs have the lowest unemployment rate of any education bracket, and roughly match the earnings of professional-degree holders ( e.g. MBAs) [1]. [1] https://www.bls.gov/careeroutlook/2025/data-on-display/educa...
Yes, but that’s not the relevant datum, because of selection effects. The relevant question is how well employed is the person who had a choice to do a Ph.D. or not compared to the counterfactual person who made an opposite choice. As an example, an Ivy graduate makes more than state school graduate on average, but there was a study showing that those offered Ivy admission but deciding to go to a state school made ju…
We're literally measuring a selection effect: that of pursuing a graduate degree.
> there was a study showing that those offered Ivy admission but deciding to go to a state school made just as much
Source?
I'm not rejecting the hypothesis that this is a measurement error. But it's been observed across multiple countries for several generations. The burden of proof is on the hot take that graduate degrees in general are a bad economic bet. (Note: I don't have a PhD. I went to a state school. So you're hypothesis is tempting to believe, hence my scepticism.)